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the crisis. i asked our brussels correspondent what sort of support france could expect from other eu member states. >> eu representatives have formally ruled out the option of military intervention. the most likely outcome will be that we will find out more about the training mission that is planned, where the eu plans to train malian soldiers to combat on the ground. it is an issue that african soldiers will have to deal with. the eu does not want to get involved too much. we will find out more about the training mission. >> are there any dissenters? this is a job for nato -- and who are saying this is a job for nato? >> nato can only intervene if france formally request aid, and it has not done so. this is a job that has to be done by the ecowas, by the west african soldiers on the ground come together with mali -- on the ground, mali together withan soldier -- on the ground, together with malian soldiers. it was an action taken by an individual member state, i.e., france. the member states say they will support friends, but they will not get their boots on the ground. >> thanks for that.
>> today, public disillusionment with the eu is at an all-time high. referendum on europe's future. you're watching al jazeera. a third term for benjamin is in yahoo! with a narrow win forcing the coalition with new sets of rivals. north korea threatens to step up its nuclear program after the u.n. condemns decembers rocket launch. >> a panel on the country's top court could throw out the jail sentence of a french woman serving time for kidnapping. more coming up. >> britain's prime minister says he will let the public decide if they want to stay in the european union if he's reelected. david cameron ended months of speculation by promising a referendum on the question, it he is backing. 2015. however, he said that he prefers britain to stay in member of the you. -- in the -- state a member of the eu. >> i am not a british isolationist. but i want a better deal for britain. but not just for britain, but for europe, too. i speak as a british prime minister with a positive vision for the future of the european union. a future in which britain wants and should want to play a committed
a poll in frons show those in the uk would prefer to leave the eu. we are waiting on the results from italy's latest debt auction. it will be two years of a zero coupon and five years of an italian linked paper. we'll get the results coming up in just a moment. here is a check of the european markets. we have seen them particular to the upside. now with the exception of spain trying to fight back into the green this morning, bolstered basically by the general risk on attitude. perhaps some of the credit flows, some of the equity fund flows boosting stock markets around the world. here is a look at who is leading the index this morning. onte paschi is on the top of the board, up 6.35%. today it's continued to snap back on hopes of.continued investor returnings. asml, elements which help make computer chips is up about 4%. it has been upgraded. it's viewed as a winner here in the mobile phone wars as more continue to shift to that market. sbm offshore, peugeot, tnt express towards top of the pack. at the bottom, it's a different story. down 3.5% o a downgrade, some other companies there
david cameron promises to hold a referendum on the e.u. warning that a concession for the democratic leadership is wafer thin. >> if we don't address these challenges, the danger is that europe will fail and the british people will drift toward the exit. >>> google could light a fire under u.s. markets today as the giant's fourth quarter profits top forecasts on higher ad revenues. >>> and here in davos, bank ceos fight back against regulators in an exclusive cnbc debate, apologizing to scandals of the past but defiant it the role of the industry. >> i think there's so much misinformation out there that's used aggressively by people for their own purposes. we provide a service to you. we make a little money every time we do it. that's what happens. >>> and ceo confidence down for a third year in a row according to a survey here. despite markets hitting multiyear highs with lack of decisions in the u.s. weighing on sentiment. >>> okay, hello and welcome to the start of our coverage from the annual meeting of the world economic forum here in davos. day one of three come. kelly, i could
of there being a straight referendum on being an in/out referendum, part of the eu, not part of the eu, which is mixed from where most people think they are. >> some of the surveys show the people becoming more worried about it and we saw those comments, what's his face, labor leader over the weekend saying that he's walking out of the eurozone. so clearly, he finds that there's political gain to be made from -- >> and then you saw this british train commerce survey, just 26% of them wanted to keep the status quo, right? >> i thought this was extraordinary. i was surprises how low it is. in this survey, when you ask businesses about how much in favor they are of keeping things the same, only 24%. >> 59% wanted a looser relationship with the eurozone. most people would say, we want to stay part of the eu, but we would like to have far less regulation, far less judgments than just have been contemplated from the european court. >> is britain going to be able to say that where they get rid of the regulation and teen the market and all that? >> that's the number one question. >> and we will explo
. in the au, sovereign debt is what got the -- in the eu, sovereign debt is what got the eu into trouble. the new rules expand to go beyond sovereign debt, beyond mortgage-backed securities. i think there is a real trade- off here. many of these things will not be liquid when push comes to shove. on the other hand, if you have a very narrow set of liquid assets, if those assets get in trouble, as we learned with the euro crisis, then you have something that is a shock that would not be systemic become systemic and threaten the entire system. the only thing that is truly liquid is cash. the vast majority of us banks today -- u.s. banks today and european banks would already be compliant with these rules. i would go as far as to say that bear stearns would have in compliance with these rules, for instance. , what about taking a chance on the lottery? it has paid off for a couple of people in spain. winning ticket holders have seized more than $1 billion in the national lottery. they have been celebrating their luck. the top ticket was around $260,000. new austerity measures mean they will
joi proposals to deepen economic integration in the eu. >>> the european debt crisis has revealed rifts between member countries. but merkel and hollande say they hope the celebrations will highlight the e.u.'s ties. >>> and now let's get a check on markets. first taking a look at the currencies, the dollar is lower against the yen as traders are taking profits following the recent advance. the dollar against the yen changing hands at 88.74-76. the u.s. currency was trading at the 89-yen level before the bank of japan announcements. market players see the outcome of the b.o.j. policy meeting as within market expectations. taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as antic
it is only been included to fall in with e.u. guidelines, but the opposition is not buying it. it is still not clear where it will be stored in germany. >> the german minister has a problem, he insists that nuclear waste will stay in germany, but the country has no permanent storage site. that is why the people want a law that will determine permanent storage before the elections. that is it. >> but critics point to a clause in the bill that does allow the storage of summer elective waste outside germany. the government says it has no intention of making use of the cause, but that has not reassured the opposition peter dolle -- the opposition. >> it is the fourth in the door. it is the intent to make a business for the nuclear industry. we have no control over security conditions abroad. >> finland is building a permanent storage site for four nuclear waste. russia already operates one. -- for foreign nuclear waste. a russia already operates one. >> there are opening up a cat to use russia as a nuclear toilet. it is lane -- they are opening up a door to use russia as a nuclear corlette. it
.k., the british finance minister, george osbo e osborne, wants the e.u. to toughen bank regulation across the 27 member states. britain's set plans in motion to separate retail investment decisions in part on proposals from the finnish central bank governor. the fed is also reportedly considering a plan to help banks avoid costly regulations aimed at preventing derivatives trading from being subsidized by taxpayers. the "financial times" says it stems from the lincoln amendment, included in the 2010 dodd-frank law. it prohibits banks that have access to federal deposit insurance or fed credit from acting as derivatives dealers. u.s. banks will still be able to trade some products like interest rate swaps. under the rule, foreign banks would be forced to move their u.s. derivatives activities off their books. >> yeah. if you followed that, you get a gold star this morning. it's a tricky one. >> there's a law that means foreign banks will have problems trading derivatives in the united states. >> charlie, any thoughts here? >> you know, it's part of this broad regulatory framework being put in pla
eu joins us from beijing with more of the details. eunice, there have been questions about china's reliability in data. over the past couple of years. >> there's always a big question about that. in fact, goldman sachs and ubs were some of the brokerages that came out recently questioning the latest december numbers for the export figures. they were concerned that the export numbers reported by china didn't seem to match the export data from its trading partners and the slow at some of the ports. that was raising questions. the chinese officials came out and defended the numbers and said that the numbers were all well and good. there is so much skepticism about that. the trade data was looking as though it was very much in flux. however, when you take a look at those in isolation, it raises a lot of question marks. but in terms of going forward, how you read these data points, most economists say you have to look at them as guidelines. this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in terms of gdp or for industrial output and ever
results in europe look set for a change. the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers and dc comics after a decision from a california court. the court of appeals said that the rights for the man of appeals should not stay with the cocreators. the decision means that warner can release this summer's new superman reboot without fear of legal challenges. so we're watching today. who is your favorite hee roar? superman, ironman, super mario draghi? whoever you like, e-mail us, tweet us. my produces asked me who i thought my favorite super hero was. it took my a while to think about it, but then i thought hong kong fooey. there you go. many happy memories. talking
britain should leave the e.u. and what that would mean. that has a lot of people talking here about the implications for the u.k., for europe. whether -- we had this big discussion about new york versus london. what happens to the banking system. what happens to the financial? that is the u.k. that's become a big i issue. let's bring in a good friend, as i said, of "squawk." bob hormatz, you know him well. a new -- not a fancy new title, but you're the under secretary of state for economic growth, energy, and the environment. that changed a year ago? >> yes, we tried to pull these together. increasingly what happens in the economy has an impact on the environment. environmental issues and energy issues are increasingly intertwined. >> always big in davos. and david cameron, it has an impact on the global economy if this were to go forward. the chances of it going forward i think are small. he has to get re-elected in 2015 to propose the up or down vote in 2017. it does put a cloud over the u.k. and e.u. a bit. >> the u.s. view has been not to get involved in u.s. politics. the u.s.
off japan's debt would take 2.5 years of every single person worked for nothing and the eu is struggling to stop the barring of member states from breaking up the eurozone. camera worldwide in answer to its sovereign debt problems in 2013? it has become common to see leaders burning the midnight oil at crisis meetings and exhausted politicians at the summits. southern europeans are now accustomed to gloomy economic headlines like these in portugal. there are signs that the crisis could drop out of the front pages in 2013. the risk that a member of the eurozone will default seems to have dissipated, for now. in october, finance ministers launched a permanent bailout fund. if the money runs out, the european central bank can buy up on limited quantities of government bonds, even if it means printing money. it has calmed the market's in members no longer have to worry they will suddenly find themselves unable to service their debts. experts are optimistic about the single currency future. >> in all likelihood, the euro will survive the year ahead, even if difficulties persist.
of the eu poverty categories. india has officially made a protest to pakistan after two soldiers were killed in kashmir. the army says pakistani troops calls -- crossed a line of control, entering indian territory and poppa stein denied the accusation as propaganda -- pakistan deny the accusations as propaganda. >> in southeastern australia, firefighters are battling nearly 200 bushfires as hundreds of people have been forced to leave their homes. one family who escaped the blaze that destroyed their home by hiding under a jetty, and they watched as several of their neighbors' houses burned down. the town in tasmania is one of the worst affected by the fires. andrew thomas has more. >> firefighters are racing to and through the latest blaze before it could get out of control. more than 150 wildfires raged in a study overnight and into wednesday morning. given the extent of the fires, in the worst conditions australia has had in many years, damage to buildings was remarkably light. this historic house in the southern state of victoria was the exception rather than the roll. although daylight
can be taken out of his position. >> we are seeing a lot of military maneuvers by the u.s. and e.u. in terms of moving arsenals to the turkish border region of syria. >> maybe these are the anti- missile defenses. i am not aware of a large contingency of people moving their to suggest there is an idea of intervention. it does not seem like intervention is on the radar. >> we will leave it there. thank you for joining us. pakistan says indian troops have killed a soldier in the disputed region. two sides exchanged fire across the line of control that is an internationally recognized border. india is accusing them of violating the cease-fire. the u.s. drone strike killed 16 people in northern pakistan. it comes days after another drought attack killed a top rebel leader in the area. pakistani intelligence officers say. taliban hideouts were targeted on sunday. >> according to reports, u.s. drone strikes on at least three different targets in the tribal territory leaves at least 16 people killed on the ground after 10 missiles were fired by the drones operating over the territory. in
as the eu politics are, they're on their way to unified banking regulation in the eurozone. their crisis fund has stabilized. it's not going to be pretty and it's going to take a couple of years still, but we are on our way to a stronger and more unified eu, with or without britain over time. >> what do you think? >> a little bit too positive to me. i would say europe is probably not coming apart. different said statement than europe is coming together. i think the reason it probably won't come apart is greece, not france. sooner or later, that is the real test. the president of france is taking france in directions that are truly unsustainable economically. but for germany, it's one thing if greece were to leave, but for france, it can't leave. if you're germany, that's the whole core, the whole concept, the dynamic of post-world war ii european integration. germany will go to great lengths, i think really whatever lengths it takes to keep france in. europe will survive but economic growth is not going to take off, it's still going to be extremely weak because it doesn't have in place a
the bailout. that was an incredible show of will. halting and clumsy and awkward as the eu politics are, they're on the way to banking regulation in the euro zone. it's not going to be pretty and it's going to take a couple years still, but we are on our way to a stronger and more unified eu with or without britain over time. >> what do you think? >> too positive to me. europe is probably not coming apart. different said statement than europe is coming together. the reason it probably won't come together is not greece, it's france. sooner or later, that is the real test. the president of france is taking france in directions that are truly unsustainable economically. france can't leave if you're germany because that's the whole core, the whole dynamic. the relationship. germany will go to great lengths, really, whatever lengths it takes to keep france in. europe will survive but economic growth is not going to take off, still extremely weak because it doesn't have in place any of the prerequisites. >> the head of morgan stanley had a piece where he said that europe is actually going to bounce
fuel. >> it is. it is not an end to solution to climate change. we tried for 20 years with kyoto and e.u. wanted to do a lot of good. i'm from europe. we ended up paying 20 or $30 billion to cut carbon emissions what you guys have done, done it for free. actually you've made money doing it because you also got cheaper energy. that is the way forward. also for china and india and everyone else. melissa: that is the argument too, a lot people proponents of solar and wind whatever don't want to hear. while fracking has been profitable it has helped the environment. at the same time you look at things like there was this big story today out of wyoming where encana is drilling and there's a well is contaminated one way or the other. seems like it from the reports. they're dealing with all this. the neighbors in the neighborhood are saying pavilion, wyoming, this is a sult of the fracking going on nearby. there is a case they would point to saying it is bad for the environment. >> listen there is nothing just fine. fracking also has its problems. we should dinitely have it well-regulated. most
around the world. social democrats take control of the house and the eu is forced out of power in lower saxony. plus, optimism by the u.s. as republicans attempt to break the budget stalemate in congress. investors pulling back in japan as the boj begins its two-day meeting that's widely expected to back more easing and a new 2% inflation target. >>> and heavy snow bringing travel across northern europe. hundreds of flights canceled here in the uk. france and germany, too, with disruptions expected to continue for several days. >> yes. welcome to "worldwide exchange." ross westgate is away. he will be back later in the week from davos and along with plenty of other people and a lot of great guests. it's a three-hour program. the first three hours, i think the third you'll have to flip over to cnbc to catch. we will be heading out to washington as the capital prepares for the inauguration of president barack obama. but will he spend the next four years at the mercy of republicans? we'll explore that. plus, we'll assess if israel could be medicining for a right coalition as benjamin netan
chancellor merkel certainly wanted to keep in the e.u. because they never went into the eurozone. but they are an active member of the e.u.. she wants to keep them in. >> time is getting a little tight here, so let's go to two questions very quickly. right here and then right over here. >> do you think it would enhance economic opportunities in asia if we had more asian members of congress? >> that's an interesting thought. of course, some very senior members of congress, in fact, the senior senator just died who, inouye, who had tremendous clout there. and you're seeing more and or more asian members elected, male and female. and i think you'll continue to see that. you know -- >> who else -- [inaudible] >> well, you have, i think there are several. you have one who's a korean, i think you have one korean-american, and i think you'll see more going forward because you've got a lot of asian americans who are mayors, you know, in major cities. and i think that the answer is i think would be very helpful to have more asian-americans as members of congress. and, of course, you had g
in the motor race, though. we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's happening in part of the u.s. >> it varies, but long-term insurers will look to make profit over a period of time. when they do happen, they have to look at have they been in line with all their expectations? >> and what's happening with capacity? it's dictated by capacity levels. >> yeah. pnc, capital comes in and out frequently been we are seeing money coming into the insurance sector. as capacity comes in, rates will go down. >> i want to talk about life, but first to cap off what happened with superstorm sandy, it took a while to get a sense of how costly that event was. what's emerging? >> i think most
, the money supply in europe has doubled versus last year. plus, last month the eu agreed to a common european banking regulator which was a very big deal. there was overshadowed by our - u.s. if a turn is coming, at least a bottom, you need to get in before that happens. think the bottom is for rear, i think the 2012 bottom stands, if you wait until everybody thinks it's obvious you'll be out, you'll be too late. remember, the european markets kept rallying last year despite all the worries about the continent's weakness, german market, french market up 20%. uk market up 13.5%. how do you play europe? i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been pr
. in the u.k., this big e.u. debate about how important is european trade in the future, as well. you've also been speaking to the prime minister of latvia. what does he have to say? >> reporter:. latvia is a poster child, isn't it, for those on the right economically if you like who think that austerity and paying dunn your debts is the way that you restore growth. latvia had a very difficult crisis. they had negative growth and a contraction of the economy of somewhere around 20%. last year, they grew 5%. this year they're expected to grow 3.5%. and that's because they front loaded a lot of the cuts in government spending, and they forced down wage rates. i caught up with the latvian prime minister earlier this morning on "squawk box" and said, well, you've done it, greece, spain, italy, portugal, perhaps they should be learning lessons from you. let's listen to how he responded. >> i wouldn't go as far as now to tell exactly other countries what should be -- what they should be doing because each country has its own difficulties and its own way out of the crisis. but in general, we see tha
with them in ireland where i met with a distinct lack of enthusiasm from the e.u.'s group and the independent demigs on banking. sir john vickers, chairman of the independent commission, has criticized the u.k. coalition government for backing away from his original proposal while the recent report summarizing the responses received from the report acknowledges the widespread opposition to the proposal in a charmingly understated fashion, stating they welcome the group's analysis but argued that a compelling case of trading activities hasn't been made. they felt the proposal wasn't backed by the required evidence and there was a need for a thorough impact assessment. with all due respect to my friends in the european financial regulaer to community, when a regulatory proposal is viewed within the e.u. as being too harsh and the financial industry and harmful to marks, i think it's a clear sign it's time to take a step back and re-evaluate. regardless of what happens with respect to the vickers or like then proposal, even if all the most visitry olic allegations wall street
a positive or more negatively? >> pakistan sees a positive role for the eu, united states, other organizations, international organizations. but what is the role that nader sees for itself? is it military when we talk about nato? or is it economic? or is it political? i think nato doesn't appear to where so many hats. basically, when we talk about nato we're talking about military. well, that i think has already been discussed. but certainly the eu, other organizations, the united states, really has very important political role, economic role. i think afghanistan -- i think nader can also help support the iran army to do a better job with its resources. so we are in favor of that, this kind of role. there was one mentioned about india and transatlantic trade comments it appeared that also comes -- there are so may things that can be done if only the conflicts situation gets resolved, and also in the border area with pakistan. >> ambassador jawad, nato's will? >> yes, particularly i think your question was on nato's role through northern afghanistan. i think this is a key importa
, intergovernmental cooperation destroys responsibility and accountability. look at the e.u.. did the e.u. destroy greece, or did greece destroy the e.u.? it's probably both, but you can't tell, and they all blame each other. and the founders didn't need the e.u. to see these dangers. all of this arises from intergovernmental cooperation and commandeering. the founders didn't need the e.u. because they have the example of commandeering in front of them. it was the articles of confederation. and so they wrote a constitution that prohibits this and makes it very, very difficult in any event. the second objection to justice breyer or, rather, the objection to his second point is, well, if the feds want to send swarms of officers, let them try. as angela already suggested, they can't, and they won't, and if they do, they will have to pay the fiscal and political price. so i think in a weird way it would actually be great if we had fbi agents in santa clara breaking down the doors of gravely-ill pot smokers. that'll tell people more about the federal government than 15 papers from the cato institute. [
proposal, set forth by the uk independent commission on banking and the eu's group. sir john vickers, chairman of the independent commission, has argued criticized the coalition government and the backing away from his original proposal. while the european commission's recent report summarizes the responses received and it acknowledges the widespread opposition of a proposal in a determinedly understated action. it argues that a compelling case for mandatory separation of trading activities hasn't been made. they felt that the proposal is not backed by the required evidence and that there was a need for thorough impact assessment. with all due respect my to my friends in the european financial regulatory community, what a regulatory proposal is used within the eu, considered too harsh on the financial industry and harmful to markets, it's a clear sign that it's time to take a step back and reevaluate. regardless of what happens respect to the proposals, even if all of the most vitriolic allegations set forth are true, even if our financial giants act solely and ruthlessly out of self
. reports say the action was taken on concerns was not complied to comply with eu safeguards against money laundering. the vatican is now looking for a non-italian bank to help with card services. they did not comment on the bank of italy's concerns. i'm assuming that the vatican is notre dame supporters, as well. >>> meanwhile, the countdown is on the u.s. jobs report. plenty more to come on "worldwide exchange" right after this break. >>> so naturally the jobs report will demand the bulk of the spotlight for investors. there are some other xhb reports out this morning. the nonfarm payroll reports out at 8:30 eastern. then we go the ism services index released at 10:00 a.m. eastern, looking for an index of 55.4 down from november. also at 10:00, we get november factory orders. janet yellen speaks about systemic risks at the annual meeting of the economics association at 3:30 p.m. futures are atlanta at the moment indicating a flat start but, of course, the open after the report that implied open for the s&p for what it's worth up .2 points for the s&p 500, dow jones is down 7 and fass dak
166 people, including children. 52 year-old david jead;eu was sentenced by a chicago judge yesterday to 35 years in prison. in a three day rampage, 10 gunman from a pack a state based militant group than out across ,mumbai , attacking a crowded train station, a jewish center and a landmark taj. mahal hotel. headley helped plan the attack and videotape target for the gunman. he faced a maximum of life in prison. but agreed to cooperate and pleaded guilty to avoid a life sentence. he also secured promise not to be extradited to india. india is now pressing for him to face trial there. >> federal transportation investigators still try to figure out because of electrical problems which have grounded balance 77 and dreamliner of fleet around the world. the nest of grass-is that the board's work with main factors in arizona, and running a series of new tests on their lives better systems. investigators say, a short circuit and uncontrolled chemical reaction apparently took place in boeing 787 better, but for the recall of fire earlier this month in boston. if they are still unsure why it h
. if a conservative government is elected in 2015 cameron plans to renegotiate the u.k.'s relationship with the e.u. and allow, british citizens to vote whether or not to stay a part of it. the referendum many have feared. cameron facing criticism from british business leaders and other european leaders as he called for this renegotiation. also sparked concerns from here in the united states. the white house says britain's stronger for being a part of the e you. britain's exit could stifle the economy and trade ties throughout europe. many believe in the u.k. they're not getting anything out of it as they did with the common market. it will make life difficult if they're not a part of the european union because they have to pay more for trade. anyway. interesting to see if it went to vote. i think it would be close. tracy: yeah, right. ashley: that is if the conservatives win in 2015. tracy: you can't still vote. ashley: i can. tracy: how would you vote? ashley: i'm not saying. tracy: we'll find out. quarter after the hour. get down to nicole nicole petallides on the floor of the new york stock exc
to -- ountries that aspire to ascendancy in the eu. progress there will continue american leadership. i hope we will continue to work again to the region to ensure -- in the region to ensure that they continue to make progress. >> we will, senator. thank you for your leadership of the european foreign subcommittee. i look forward to working with a. -- you. >> senator kerry, i appreciate your thoughtful opening statement in response to these questions. i have a great deal of respect for your level of experience. i would've enjoyed working with you as a member of the committee. i will enjoy working with you as secretary of state. these are complex issues, these are dangerous times. i grew up helping politics at the water's edge and was true. -- hoping that that maxim that politics ends at the water's edge was true. i believe we share the same goals. we want a secure, prosperous america. i think that starts being open and honest with each other. i hate to go back to yesterday's news and by yesterday when i was asking a relatively simple question, secretary clinton's reaction was "what difference a
that aspire to ascendancy in the eu. progress there will continue american leadership. i hope we will continue to work again to the region to ensure they continue to make progress. >> we will, senator. thank you for your leadership of the european foreign subcommittee. i look forward to working with a. >> senator kerry, i appreciate your thoughtful opening statement in response to these questions. i have a great deal of respect for your level of experience. i would've enjoyed working with you as a member of the committee. i will enjoy working with you as secretary of state. these are complex issues, these are dangerous times. i grew up helping politics at the water's edge and was true. i believe we share the same goals. we want a secure, prosperous america. i think that starts being open and honest with each other. i hate to go back to yesterday's news and by yesterday when i was asking a relatively simple question, secretary clinton's reaction was i think it makes a big difference. i think it matters a great deal at the american people get the truth. i think they have the right to be told the
growth. recovery under the spotlight. it takes on the rotating presidency of the e.u. steve spoke to the country's deputy prime minister and asked about dublin's plans to exit the e.u./imf support program and the chances of ireland brokering a budget deal during its pregnancy. >> it was disappointing the agreement wasn't reached in november. the president is proceeding with having discussions with member states. we expect that in and around february or certainly the early part of the year that there may be new proposals for a european budget for the next seven years. i think it's important that the european union has a budget that is fit for purpose. member states have given the european union a lot of additional competences over the past number of years. and it's important that we have a budget which is capable of delivering on those. and in particular, delivering on the initiatives that the european union needs to take to get the european economy to grow, to create jobs. areas like research, for example, the common agriculture policy. these are areas that need financial support
pleated, we still have those countries that aspear to ascend ancy into the e.u. i would just urge you that further progress in that area is going to continue to require american leadership. i hope that we will continue to work in the region to ensure that they continue to make progress. >> we will, senator. i just want to thank you for your leadership of the european affairs subcommittee you've done a tremendous job working on it and i look forward to working with you. >> senator kerry, i appreciate your thoughtful opening statement and your thoughtful response to these questions. i have a great deal of respect for your global experience, your depth of knowledge in these areas. i would have enjoyed working with you as a member of the committee and i'm going to enjoy working with you as secretary of state. as you said, these are complex issues and these are dangerous times. i certainly grew up hoping that that maxim of politics ends at the water's edge was actually true. i'm not sure it ever was but it's something to aspear to. we have the same goals, we want a prosperous and secure am
and to the e.u., and i would just urge you that further progress in that area is going to continue to require american leadership, and i hope that we will continue to work in the region to ensure that they continue to make progress. >> we will, senator. and i just want to thank you for your leadership of the subcommittee. you've been absolutely terrific and i look forward to working with you. thanks. >> senator johnson. >> thank you, mr. chairman. senator, i appreciate your thoughtful opening statement and your thoughtful response to these questions. i have a great deal of respect for your level of experience, your knowledge in these areas and i would have enjoyed working with you as a member of the committee. i'm going to enjoy working with you as the secretary of state and i mean that in all sincerity. i want to have a close working relationship. as used in your opening statement, these are complex times. you know, i sort of grew up hoping that that maximum of politics at the water's edge was actually true. i'm not sure it ever was, but i think it's something we can aspire to. i truly think
cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global comp sales expected to be negative. jim, it's come a long way since the mid-80s here. still pressure on mar
enlarging the stability in europe itself by enlarging our institution, the eu or nato. what's happened to that agenda? is a no longer a part of the democratic countries? and if the answer is was so care about -- are whether georgia can become more stable, how do we get smarter about it? it isn't obvious our institutions hold the same if you used to hold five or six years ago. it isn't obvious that comes like ukraine had to stay democratizing instinct, the country of central europe had 10 years ago. so what, if anything, would you do different to make sure part of your democratic in state? >> i'd like to say quickly, i think some countries have taken a bit of an appetite suppressant when he came to their ambitions of being part of the european union, for example. >> but they are democratic. >> but they are democratic. but there also has to be benefit that flows. i think that is very much a part of the typos as to whether people are going to pursue being part of a larger union, being part of an obsession like nato. there has to be some apparent benefit in so doing. you know, the ability
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